Re: men in women's bicycle races

Am 15.05.2025 um 17:10 schrieb AMuzi:

On 5/15/2025 9:26 AM, Rolf Mantel wrote:

Am 15.05.2025 um 16:06 schrieb AMuzi:
 

p.s. Regarding inflation, which is a tax, and most brutally
applied to lower classes, nothing about the Federal Reserve's
"2% target" should be aceeptable.  Zero is a nice round number
and is actually attainable. We did it when currencies were
backed by actual gold rather than an 'inflation target'.

 An economy without inflation is an economy with a throttled money supply; you probably prefer to live in a modern economy with a bit
of inflation as a drop of oil in the workings (similar to a bike
chain, dripping in oil is as bad a no oil at all).
 For the impact of throttled money supply, just read books about
the British economy in the decades after they had to pay for
Richard Lionheart's ransom.
 Rolf
 

 That's true. And Sterling value plunged in 1920 after The Great War
with their refusal to devalue willingly after the wartime currency
increases.
 https://www.economicshelp.org/blog/5948/economics/uk-economy-in-
the-1920s/
 Followed by a deflation which is no better than inflation and amid
many other troubles; monetary, economic and social.
 Let us not forget that inflation can and has induced self-
perpetuating price spirals which have devastated many nations at
many times.
 Still and all, there are good arguments to be made:
 https://www.clevelandfed.org/-/media/project/clevelandfedtenant/ clevelandfedsite/publications/economic-commentary/1988/ec-19880915-
the- case-for-zero-inflation-pdf.pdf

This is a very theoretical and speculative article which mostly claims
that high and unpredictable inflation rates are bad (which economists
typically agree to).  On the difference between zero inflation and a
"small but stable" inflation, it only claims
| Positive inflation may have adverse effects on economic growth"
and
| Little or nothing in historical experience suggests that a low
| inflation rate can be maintained for long at a stable level.
completely ignoring that most of the Western World (e.g. Germany) had a period of "stable low inflation rate" from 1994 to 2020.
The article completely omits the standard argument that inflation helps to effectively bring down prices that are too high (e.g. a wage raise below inflation is easier to implement than a wage cut).
Rolf